Stocks mass sell-offs to escape risks during New Year fest expected to pressure SET

It said the index still gained positive sentiment from relief in Omicron concerns, rising oil prices in response to the decline in US oil storage and hopes over Thailand economic recovery next year.

However, it predicted that mass sell-offs of shares to reduce risks during the New Year holidays would pressure the index.

It also recommended buying of the following companies’ shares as an investment strategy:

• HMPRO, CPN, CRC, VGI, SYNEX, COM7 and JMART, which are domestic play stocks.
• RCL, LEO, III, WICE, SONIC and JWD, which benefit from rising freight rate.
• EA, GPSC, AMATA, WHA, AH and SAT, which benefit from the government's support on electric vehicles.
• PTTEP, TOP, PTTGC, IVL and SPRC, which benefit from rising oil price and gross refining margin.
• BBL, TTB, KTB and KBANK, which benefit from news of interest rate hike.